1 Magnificent S&P Dividend Stock Down 28% to Buy and Hold Forever
Coffee chain (NASDAQ: SBUX) has proven to be a remarkably lucrative investment over its lifetime. Had you invested $10,000 at its initial public offering, you'd have over $3.4 million today. But even winning stocks fall into slumps, and Starbucks is currently in one, down roughly 28% from its former high.
So what gives? Starbucks has dealt with several issues, including new CEO leadership under Laxman Narasimhan. Additionally, the company has been trying to put out fires and persuade its workers not to unionize.
But history shows that now could be the time to buy the dip. I'll explain why you should consider buying Starbucks and holding the stock forever.
Source Fool.com
Starbucks Corp. Stock
€68.20
0.980%
With 23 Buy predictions and not a single Sell prediction Starbucks Corp. is an absolute favorite of our community.
With a target price of 98 € there is a positive potential of 43.7% for Starbucks Corp. compared to the current price of 68.2 €.
